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The price is the
first thing buyers notice about your property. If you set
your price too high, then the chance of alienating buyers is
higher. You want your house to be taken seriously, and the
asking price reflects how serious you are about selling your
home.
Several factors will contribute to your final decision.
First, you should compare your house to others that are in
the market. If you use a hot agent like myself I will
provide you with a
CMA. The CMA will reflect the following:
*houses in your price range and area sold within the last
half-year
*asking and selling prices of houses
*current inventory of houses on the market
*features of each house on the market
From the CMA, you will find out the difference between the
asking price and selling price for all homes sold, the
condition of the market, and other houses comparable to
yours.
Also, try to find out what types of houses are selling and
see if it applies to your area. Buyers follow trends, and
these trends can help you set your price.
Always be realistic. And understand and set your price to
reflect the current market situation.
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